Madhya Pradesh Sets Ambitious Rs 7 Lakh Crore Annual Budget Target for Next Five Years

Madhya Pradesh Chief Minister Mohan Yadav announces a plan to elevate the state's annual budget to Rs 7 lakh crore by 2028. The current budget for FY 2024-25 stands at Rs 3.65 lakh crore, focusing on infrastructure, women, and tribal development. Significant projects include river linking, expressways, and health sector improvements.

Madhya Pradesh Chief Minister Mohan Yadav has announced ambitious plans to elevate the state's annual budget to Rs 7 lakh crore over the next five years.

The state presented its FY 2024-25 budget on July 3, with a Rs 3.65 lakh crore outlay, emphasizing infrastructure development and initiatives for women and tribal populations. This budget is 16% larger than the previous year, reflecting a strong development focus, Yadav noted during a function at the Central India Chamber of Commerce in Ujjain.

The budget includes significant provisions like the Rs 35,000 crore Chambal-Parvati-Kali Sindh river linking project, new expressways, and the introduction of intra-state air taxi and helicopter services. Additionally, the government plans to recruit 42,000 medical staff and provide bonuses on milk, wheat, and paddy purchases. A Rs 500 crore provision has also been made for the Simhastha 2028 preparations.

(With inputs from agencies.)